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Ridgeline Minerals Provides 2023 Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Ridgeline Minerals Corp. (TSXV: RD...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Provides 2023 Exploration UpdateVancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (\"Ridgeline\" or the \"Company\") is pleased to provide an update on the Company's 2023 exploration programs and corporate strategy across its portfolio of six projects in Nevada and Idaho totaling 192 square kilometers (Figure 1). The Company intends to spend C$2.0 million on direct drilling and exploration costs through the remainder of the year with the proposed capital allocation detailed below.Mike Harp, Ridgeline's Vice President, Exploration commented, \"We anticipate multiple catalysts across the Ridgeline portfolio this year, including a third phase of fully funded drilling at the Swift project by our earn-in partners, Nevada Gold Mines. However, our team's focus will be the continued delineation and expansion of the high-grade Chinchilla Zone at our 100% owned Selena project. Last fall, our first diamond core program at Selena returned the best drill intercepts in the Company's exploration history and significantly upgraded all metal values when compared to previously drilled RC holes nearby. This not only represents an opportunity to upgrade the existing mineralized footprint at Chinchilla, but also improved our understanding of the orientation of key feeder faults controlling \"chimney\" style CRD mineralization. Our next phase of core drilling will commence in July, where we will expand the known upper oxide horizon as well as test these mineralized feeder faults at depth where they crosscut more than 400m of untested and highly prospective carbonate host rocks.\"Figure 1: Ridgeline's 192km² exploration portfolio in Nevada and IdahoTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7298/168320_e2a1063d241ae848_002full.jpgFor additional information on the Company's projects, click HERE Selena ProjectThe Company will complete a proposed five-hole, 3,000 meters (\"m\") drill program scheduled to begin in early July.Drilling will target high-grade Ag-Au-Pb-Zn mineralization at two known \"chimney\" targets at the Chinchilla zone (Figure 2) with highlight intercepts from the 2022 core program returning 6.1m grading 480.5 grams per tonne (g/t) silver (\"Ag\"), 18.4% lead and zinc (\"Pb-Zn\") ...